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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Gordon Quickstad who wrote (8119)	2/9/1999 6:55:00 PM
From: Rich Wolf	Read Replies (4) \| Respond to of 27311

Please don't build expectations for the 10Q, Gordon. Back in December, we were told they would be providing larger quantities beginning in January. I don't expect to see any statements here that there were shipments last fall. They were busy tweaking the lines and getting them to run effectively. They may have been creating samples around early December, but remember there's a quarantine period. And if they had to adjust anything, they'd be rerunning, quarantining, and then shipping that product. I expect it is an iterative procedure, like it or not. Either way, I doubt they'll say they shipped. Heck, even at the meeting, Lev wouldn't say as much. He doesn't consider that material... only the sale of product in response to a PO is material in his book, and that's when he said he'd announce things. So for all these reasons, don't go looking for ANY news in the 10Q... Re: your comment re: 'smart money'. Pardon me, but your phrasing ('perceived incredible prospects') telegraphs that you are now negative on the prospects. So why then do you post that you're looking for good news, eh? Are you really? Not wanting to offend you, but just calling what I see. My apologies if I'm off base, and you're just feeling impatient (like the rest of us). It's not surprising that institutions are pulling their punches. If someone tried to step in now, the price would get driven up, and speculators would notice it, too. So why not wait until the news is definite before allowing that to happen? And if they can wait a month or so before moving into the stock, well, hey, there's money to be made elsewhere in the meantime. And they'll know before we do, when it's going to move. That's the nature of the game here, like it or not. Some here may be doing the same, guessing that they have a few weeks or month or so to play elsewhere. I know for a fact that some are. Others don't want to try to time it, and so are just sitting tight. Bert Roberts just bought another 20,000 shares for 7.44 on 1/4/99, I was told. What do you think of that?